RAM Ratna Wires Limited
NSE: RAMRAT · Other Electrical Equipment · sector
₹537.70NSE close 2026-10-26
Key numbers
Market cap₹5,019 cr
Price₹537.70
52w high / low₹663 / ₹268
P/E39.6xSector median 20.7x
P/B8.7xSector median 3.4x
Book value₹62.1
Dividend yield0.23%Sector median 0.26%
ROE23.9%Sector median 15.5%
ROCE22.8%Sector median 16.4%
OPM5.1%Sector median 11.7%
Debt / equity1.13xSector median 0.32x
EV/EBITDA18.4xSector median 13.3x
Interest cover2.8x
Current ratio1.15x
Sales growth 3y+25.0%Sector median +17.8%
Profit growth 3y+33.6%Sector median +15.2%
PEG1.27x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹14 cr vs borrowings ₹654 cr (FY26): borrowings are higher by ₹640 cr.
- Operating profit covered interest 2.8x in the last 12 months.
- 0.03% of the promoters' shares are pledged (0.0% of all shares).
- Promoter holding fell by 0.92 percentage points in a year, to 67.92% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 4 years (FY26).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 14% of net profit in the last 12 months.
- Dividend paid in 4 of the last 4 financial years.
- Price ₹537.70 on 2026-10-26: -18.9% from the 52-week high, +100.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹751.65 · low ₹293.55
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 940 | 889 | 957 | 982 | 1,163 | 1,278 | 1,753 | 1,853 |
| EBITDA | 36 | 39 | 45 | 43 | 56 | 68 | 93 | 90 |
| OPM % | 3.8% | 4.4% | 4.7% | 4.4% | 4.8% | 5.4% | 5.3% | 4.8% |
| Other income | 4 | 4 | 6 | 4 | 4 | 5 | 6 | 2 |
| Net profit | 17 | 16 | 18 | 15 | 21 | 31 | 39 | 35 |
| EPS (₹) | 1.91 | 1.87 | 1.93 | 1.66 | 2.29 | 3.35 | 4.18 | 3.77 |
| Revenue YoY | +23.8% | +43.8% | +83.2% | +88.6% | ||||
| Profit YoY | +26.6% | +90.3% | +116.8% | +127.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|
| Revenue | 2,650 | 2,983 | 3,677 | 5,177 | 6,047 |
| EBITDA | 109 | 119 | 156 | 260 | 307 |
| Net profit | 45 | 52 | 70 | 107 | 127 |
| EPS (₹) | 5.10 | 5.94 | 7.53 | 11.48 | 13.59 |
| Revenue growth | +12.6% | +23.2% | +40.8% | +60.5% | |
| Profit growth | +16.4% | +34.2% | +52.6% | +90.1% | |
| Dividend / share (₹) | 5.00 | 5.00 | 2.50 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +25.0% | – | +60.5% |
| Net profit | +33.6% | – | +90.1% |
| EPS | +31.1% | – | – |
| Share price | – | +31.5% (2y) | +75.7% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | 312 | 410 | 483 | 579 |
| Borrowings | 266 | 228 | 296 | 654 |
| Cash & equivalents | 15 | 67 | 24 | 14 |
| Total assets | 829 | 954 | 1,300 | 1,994 |
| Fixed assets | 143 | 172 | 352 | 565 |
| Capital work in progress | 4 | 29 | 113 | 34 |
| Investments | 75 | 6 | 19 | 16 |
| Receivables | 341 | 323 | 390 | 641 |
| Inventory | 187 | 196 | 234 | 486 |
| Payables | 192 | 244 | 425 | 641 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | 65 | 138 | 227 | -93 |
| Cash from investing | -20 | -6 | -268 | -151 |
| Cash from financing | -45 | -107 | 3 | 250 |
| Capex | 25 | 116 | 243 | 171 |
| Free cash flow | 39 | 23 | -16 | -264 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 14.4% | 12.7% | 14.5% | 18.5% |
| ROCE % | 16.8% | 17.9% | 19.5% | 19.5% |
| Debtor days | 47 | 39 | 39 | 45 |
| Inventory days | 28 | 26 | 26 | 38 |
| Payable days | 29 | 33 | 46 | 50 |
| Cash conversion cycle (days) | 46 | 32 | 19 | 33 |
| Working capital days | 27 | 30 | 11 | 11 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 67.92% |
| FIIs | 0.94% |
| DIIs | 0.50% |
| of which Mutual funds | 0.07% |
| Public (non-institutions) | 30.63% |
| Quarter | Jun 2025 | Jul 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.97% | 68.93% | 68.84% | 68.54% | 68.54% | 69.30% | 69.30% | 67.92% |
| Promoter group | % |
|---|---|
| HEMLATA HOME SOLUTIONS LLP (converted from HEMLATA HOME SOLUTIONS PRIVATE LIMITED) | 17.73% |
| Mahendrakumar Rameshwarlal Kabra | 6.10% |
| R R Kabel Limited | 6.05% |
| Mahhesh Kabra | 6.03% |
| TMG Global Fzco | 6.00% |
| Vvidhi Mahhesh Kabra | 4.92% |
| Hemant Mahendrakumar Kabra | 4.73% |
| Tribhuvanprasad Rameshwarlal Kabra | 4.39% |
| Esses Family Private Trust [mahendrakumar Kabra, Sumeet Kabra and Purnima Ankit Jajoo, Trustees] | 2.82% |
| Sumeet Mahendrakumar Kabra | 1.86% |
| MEW Electricals Limited | 1.71% |
| Sarita Jhawar | 1.41% |
| Priyanka Kabra | 1.36% |
| Kirtidevi Shreegopal Kabra | 0.55% |
| Rajesh Kabra | 0.51% |
| Public holders above 1% | % |
|---|---|
| Hitesh Vaghela | 2.48% |
| Honest Enterprise Private Limited | 1.38% |
| Seepra Jaajoo | 1.38% |
| Hitesh Laxmichand Vaghela HUF | 1.16% |
25,503 shareholders. Pledged: 0.03% of promoter shares.
Peers in Other Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WAAREEENER | ₹66,706 cr | 17.5x | 4.6x | 23.0% | 33.2% | 20.2% | – | 0.08% |
| APARINDS | ₹59,456 cr | 50.3x | 11.0x | 11.6% | 32.9% | 8.7% | +16.9% | 0.35% |
| PREMIERENE | ₹38,159 cr | 22.6x | 8.8x | 46.7% | 29.7% | 30.0% | – | 0.08% |
| MTARTECH | ₹20,247 cr | 151.7x | 24.6x | 17.2% | 18.3% | 20.7% | +15.2% | – |
| DIACABS | ₹17,127 cr | 87.1x | – | – | 13.0% | 11.7% | – | – |
| EMMVEE | ₹16,647 cr | 11.6x | 3.8x | 53.0% | 34.1% | 34.7% | – | – |
| AVALON | ₹13,377 cr | 100.0x | 18.5x | 20.0% | 21.9% | 11.4% | +19.3% | 0.00% |
| UTLSOLAR | ₹11,168 cr | 36.1x | 8.8x | 23.1% | 25.4% | 14.6% | – | – |
| GENUSPOWER | ₹7,216 cr | 11.1x | 3.2x | 31.9% | 22.2% | 18.8% | +80.5% | 0.84% |
| RAMRAT | ₹5,019 cr | 39.6x | 8.7x | 23.9% | 22.8% | 5.1% | +25.0% | 0.23% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Winding wires and strips | ₹3,987 cr | 76.2% | ₹182 cr | 4.6% |
| Copper tubes and pipes | ₹1,147 cr | 21.9% | ₹68 cr | 5.9% |
| Other | ₹100 cr | 1.9% | ₹6 cr | 5.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-22 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-12-26 | Bonus | Bonus 1:1 |
| 2025-08-18 | Dividend | Dividend - Rs 2.50 Per Share |
| 2024-08-16 | Dividend | Dividend - Rs 2.50 Per Share |
| 2023-11-17 | Dividend | Special Dividend - Rs 2.50 Per Share |
| 2023-09-01 | Dividend | Dividend - Rs 2.50 Per Share |
| 2022-09-28 | Bonus | Bonus 1:1 |
| 2022-08-25 | Dividend | Dividend - Rs 5 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of wires: Manufacturing of winding wires and strips
- Manufacturing of copper tubes: Manufacturing of copper tubes and pipes
| Sector | Industrials |
| Industry | Other Electrical Equipment |
| Sub-industry | Other Electrical Equipment |
| Symbol | RAMRAT |
| BSE code | 522281 |
| ISIN | INE207E01023 |
| Face value | ₹5.0 |
| Incorporated | 1992-07-21 |
| Website | www.rrshramik.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.